SpaceX set to surpass Amazon's market cap as post-IPO rally continues

Microsoft Corporation MSFT	0.00	0.00%
NVIDIA Corporation NVDA	0.00	0.00%
Tesla Motors, Inc. TSLA	0.00	0.00%
SpaceX SPCX	0.00	0.00%
Amazon.com, Inc. AMZN	0.00	0.00%

June 16 (Reuters) - Shares of Elon Musk's SpaceX SPCX.O rose more than 10% in premarket trading on Tuesday, putting the company on course to overtake Amazon.com in market value to become the world's fifth‑largest company, as it extended a post-IPO rally .

The stock, which surged more than 19% on Monday, was last up 10.1% at $211.8, giving the company a market capitalization of nearly $2.8 trillion if gains hold.

Amazon AMZN.O was last valued at $2.66 trillion.

More than $1.16 billion worth of SpaceX shares exchanged hands as of 04:14 a.m. ET, which was several times the trading volumes in Nvidia NVDA.O, Microsoft MSFT.O, Tesla TSLA.O and Apple AAPL.O combined.

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